Compensation of employees in Italy
Italy: Compensation of employees was 115.45 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Italy, 1973–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Italy stood at 115.45 billion current LCU. That is the highest value across all 47 years on record.
Compared with earlier readings it is up 4.6% on the previous year and up 20.7% over ten years.
Over the whole period, compensation of employees in Italy peaked at 115.45 billion current LCU in 2024 and was at its lowest, 2.66 billion current LCU, in 1973.
Italy ranks 71st of 156 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.74 billion current LCU | 2.66 billion current LCU | 7.79 billion current LCU | 7 |
| 1980s | 26.00 billion current LCU | 10.30 billion current LCU | 36.17 billion current LCU | 5 |
| 1990s | 55.85 billion current LCU | 41.70 billion current LCU | 68.64 billion current LCU | 10 |
| 2000s | 87.32 billion current LCU | 70.98 billion current LCU | 98.73 billion current LCU | 10 |
| 2010s | 98.30 billion current LCU | 95.15 billion current LCU | 103.14 billion current LCU | 10 |
| 2020s | 109.02 billion current LCU | 103.19 billion current LCU | 115.45 billion current LCU | 5 |
Countries ranked near Italy
More public sector data for Italy
- Arms imports 432.00 million SIPRI trend indicator values (2024)
- Tax revenue 25.6% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 23.7% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -3.4% (2024)
- Interest payments 9.4% (2024)
- Grants and other revenue 6.5% (2024)
- Interest payments 7.6% (2023)
- Other taxes 4.2% (2024)
Frequently asked questions
- What is compensation of employees in Italy?
- Compensation of employees in Italy was 115.45 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Italy?
- The highest recorded value was 115.45 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Italy?
- The lowest recorded value was 2.66 billion current LCU in 1973.
- How does Italy rank for compensation of employees?
- Italy ranks 71st out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Italy?
- Over the last ten years it is up 20.7%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.